Since 2019, the state of Florida has built more than 77,000 new properties in areas with a high risk of flooding. This is the most among all states, according to an analysis by climate-modeling firm First Street Foundation on behalf of the The Wall Street Journal.

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. According to Morningstar DBRS, the cost of recovery from hurricanes Helene and Milton — details ⇒

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